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$15.91 codan limited

Thanks for your comments. With regards to fixing the balance...

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billyen

6,110 Posts.

1453

20/06/15

17:51

Post #: 15501951
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Originally posted by govr ↑

A very good post, not from your figures but the research is excellent and the effort. However between your sales figures and bottom line impact are the accountants. Codan's balance sheet is lousy, in fact down right dangerous. A smart company would improve the balance first, if the sales are there than the cash flow is there. 60% of the work is done , now the time to invest in getting rid of the junk or a good deal of that junk,(todays non productive assets and leverage to be at a reasonable level)on the balance sheet.
if all the growth is invested in the EPS not very clever and a ? over management.
cheers and keep up the good work.

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Thanks for your comments.
With regards to fixing the balance sheet...
isn't the best way to "fix the balance sheet" to sell more product at a good margin and increase the share price?
How else can you fix the balance sheet?

CDA Price at posting: $1.16 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $15.91		Change 0.020(0.13%)		Mkt cap ! $2.785B

Open	High	Low	Value	Volume
$16.00	$16.05	$15.90	$4.580M	287.0K

Buyers (Bids)

No.	Vol.	Price($)
3	1164	$15.90

Sellers (Offers)

Price($)	Vol.	No.
$15.92	1922	2

View Market Depth

No.	Vol.	Price($)
1	279	3.170
2	2173	3.160
2	2646	3.150
3	5510	3.140
1	25000	3.130

Price($)	Vol.	No.
3.190	3000	1
3.210	2102	2
3.220	1050	1
3.230	1050	1
3.240	10092	1

Last trade - 16.10pm 22/11/2024 (20 minute delay)

CDA (ASX) Chart